Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Economy|Finance

German finance ministry advisory board doubtful about efforts to reduce budget gap

The advisory board to the German Finance Ministry sees the three options under consideration to reduce a 17 billion euro ($18 billion) budget shortfall as

German finance ministry advisory board doubtful about efforts to reduce budget gap
Business|Economy|Europe|Finance

UK firms scale back expected wage growth, BoE survey shows

British businesses' expectations for wage growth in the next 12 months cooled slightly in July, according to a survey that could help ease the concerns of Bank of England

UK firms scale back expected wage growth, BoE survey shows
Business|Economy|Finance|Stock Markets

Cummins raises full-year outlook as demand picks up steam

U.S. truck engine maker Cummins Inc on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up

Cummins raises full-year outlook as demand picks up steam
Africa|Business|Economy

Ethiopian local authorities crack down on price hikes after currency float

At least two Ethiopian local governments have ordered the closure of dozens of businesses found hiking prices of basic commodities after the central bank floated the national

Ethiopian local authorities crack down on price hikes after currency float
Business|Economy|Europe

EU seeking feedback on draft antitrust guidelines on exclusionary abuses

The European Commission said on Thursday it had launched a public consultation inviting all interested parties to comment on draft guidelines on exclusionary abuses of dominance,

EU seeking feedback on draft antitrust guidelines on exclusionary abuses
Business|Economy

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports

Elliott Management has proposed board expansion and governance improvement at coffee chain Starbucks as part of a settlement that would allow CEO Laxman Narasimhan to keep his position,

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports
Business|Economy|Finance

Dominion Energy posts fall in second-quarter profit on higher expenses

Dominion Energy posted a fall in second-quarter profit on Thursday, as higher interest and maintenance costs weighed on the electric utility.

Dominion Energy posts fall in second-quarter profit on higher expenses
Business|Economy

US navy shipbuilder Huntington Ingalls beats second-quarter estimates

Huntington Ingalls on Thursday reported better-than-expected second-quarter results, as heightened global tensions drove up demand for aircraft carriers, amphibious assault ships and

US navy shipbuilder Huntington Ingalls beats second-quarter estimates
Business|Economy

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake

Occidental Petroleum said on Thursday that Colombia's Ecopetrol will not buy a stake in shale oil producer CrownRock after the U.S. company said last month they were in talks for a

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake
Economy|Europe

ECB's Stournaras raises risk of too low inflation, Platow reports

A weak euro zone economy may drag inflation below the European Central Bank's 2% target, ECB policymaker Yannis Stournaras said in an interview published on Thursday, reaffirming

ECB's Stournaras raises risk of too low inflation, Platow reports
Business|Economy|Europe

Ferrari lifts forecasts on pricier models and personal touches

Pricier models such as the Daytona SP3 and growing demand from buyers for personal touches helped Ferrari beat second-quarter results forecasts on Thursday and

Ferrari lifts forecasts on pricier models and personal touches
Business|Economy|Finance

Hershey trims annual forecasts as higher prices dent demand

Hershey cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates. WHY IS IT IMPORTANT?

Hershey trims annual forecasts as higher prices dent demand
Economy|Finance

Bank of England cuts rates from 16-year high

The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently

Bank of England cuts rates from 16-year high
Business|Economy|Finance|Stock Markets

NYSE-parent ICE beats profit views, helped by boost in energy trading

Intercontinental Exchange on Thursday reported a quarterly profit rise of 9% that topped analyst estimates, helped by robust trading in energy markets.

NYSE-parent ICE beats profit views, helped by boost in energy trading
Business|Economy|Finance

Ball Corp's second-quarter profit beats as cost savings pay off

Ball Corp reported a second-quarter profit on Thursday that beat analysts' estimates as the beer can maker benefited from cost-reduction plans and lower input costs.

Ball Corp's second-quarter profit beats as cost savings pay off
Business|Economy|Finance|Stock Markets

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024

U.S. oil and gas producer ConocoPhillips' second-quarter profit beat Wall Street estimates on Thursday, benefiting from higher output and commodity prices.

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024
Business|Economy|Finance

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers

Spirit Airlines on Thursday warned of a steeper loss in the current quarter, citing an "intense competitive battle" for the price-sensitive leisure

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers
Business|Economy|Finance

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes

HF Sinclair reported a quarterly profit on Thursday that beat analysts' estimates as it processed higher volumes of crude oil and on strength at its lubricants and midstream units, all of

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes
Asia|Economy

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector

Hong Kong's June retail sales fell 9.7% from a year earlier, government data showed on Thursday, reflecting the changing consumption patterns of visitors and residents and the

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector
Asia|Business|Economy

China developer returns buyers' deposits for unfinished homes, local media says

A Chinese property developer is giving back homebuyers the deposit they paid for apartments in a project it was unable to finish as part of a housing return programme coordinated

China developer returns buyers' deposits for unfinished homes, local media says
Economy|Finance|Stock Markets

Fed nods to cut, chips rebound, BoE up next

A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve left Wall Street with little doubt about a first U.S. interest rate cut in seven weeks' time, but multiple cross-

Fed nods to cut, chips rebound, BoE up next
Asia|Business|Economy|Finance

China securities official expected to lead Shenzhen stock exchange, say sources

China is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven

China securities official expected to lead Shenzhen stock exchange, say sources
Economy|Europe

Euro zone factory activity stuck in a rut, July PMI shows

Euro zone manufacturing activity remained mired in contraction in July amid a broadbased malaise, with output declining at its fastest pace this year, according to a survey which

Euro zone factory activity stuck in a rut, July PMI shows
Business|Economy

Italian manufacturing eases downturn in July, PMI shows

Italian manufacturing activity contracted for a fourth month running in July but at a slower pace than the month before, a survey showed on Thursday, with both output and new orders

Italian manufacturing eases downturn in July, PMI shows
Business|Economy|Europe

European shares slide more than 1% as bank stocks crumble

Europe's STOXX 600 closed more than 1% lower on Thursday, with banks leading the sell-off after Societe Generale cut a key target for its French

European shares slide more than 1% as bank stocks crumble

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